https://www.taxtmi.com/highlights?id=49331 Addition u/s 56(2)(vii)(b) and Section 69B - Family Settlement - assessee has acquired the Bungalow due to relinquishment of rights in the said property by three brothers of the assessee for Rs.NIL - no commercial transaction have been entered into between the assessee and his brothers and there is no colourable device. - AT en-us Wed, 18 Sep 2019 12:40:35 +0530 Wed, 18 Sep 2019 12:40:35 +0530 TaxTMI RSS Generator https://www.taxtmi.com/highlights?id=49331 Addition u/s 56(2)(vii)(b) and Section 69B - Family Settlement - assessee has acquired the Bungalow due to relinquishment of rights in the said property by three brothers of the assessee for Rs.NIL - no commercial transaction have been entered into between the assessee and his brothers and there is no colourable device. - AT Highlights Income Tax Wed, 18 Sep 2019 12:40:35 +0530 https://www.taxtmi.com/highlights?id=49331